KUALA LUMPUR (March 27): theedgemalaysia.com highlighted eight stocks with momentum during Bursa Malaysia’s noon break on Wednesday, with two stocks showing positive momentum and six stocks negative momentum.
The stocks with positive momentum were:
- Rexit Bhd — down 6.25% or nine sen to RM1.35
- Samaiden Group Bhd — down 1.44% or two sen to RM1.37
The stocks with negative momentum were:
- Coraza Integrated Technology Bhd — up 5.88% or three sen to 54 sen
- Guan Chong Bhd — unchanged at RM2.47
- RGB International Bhd — up 3.28% or one sen to 31.5 sen
- Suria Capital Holdings Bhd — unchanged at RM2.19
- Teck Guan Perdana Bhd — up 6.38% or 12 sen to RM2
- Vstecs Bhd — down 2.73% or seven sen to RM2.49
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com